Stepan Co. Announces Board and Executive Changes

Ticker: SCL · Form: 8-K · Filed: 2025-01-29T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

TL;DR

Stepan Co. shakes up its board and exec pay structure. Watch for new leadership dynamics.

AI Summary

On January 29, 2025, Stepan Company filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the departure of a director and the appointment of a new officer, along with updates to compensatory arrangements for certain executives. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: low — The filing pertains to routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.

Key Players & Entities

FAQ

Who is the departing director and what is the effective date of their departure?

The filing does not specify the name of the departing director or the exact effective date of their departure, only that it is reported as of January 29, 2025.

Who is the newly appointed officer and what is their role?

The filing mentions the appointment of a certain officer but does not provide the name or specific title of the individual.

What specific changes were made to the compensatory arrangements of certain officers?

The filing states that there were changes to compensatory arrangements but does not detail the specifics of these arrangements.

What is the primary business of Stepan Company?

Stepan Company is primarily involved in the business of SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS, with a Standard Industrial Classification code of [2840].

When was Stepan Company incorporated and in which state?

Stepan Company was incorporated in Delaware.

From the Filing

0000950170-25-010549.txt : 20250129 0000950170-25-010549.hdr.sgml : 20250129 20250129164508 ACCESSION NUMBER: 0000950170-25-010549 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20250129 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250129 DATE AS OF CHANGE: 20250129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEPAN CO CENTRAL INDEX KEY: 0000094049 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 361823834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 25569973 BUSINESS ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 BUSINESS PHONE: 8474467500 MAIL ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 FORMER COMPANY: FORMER CONFORMED NAME: STEPAN CHEMICAL CO /DE/ DATE OF NAME CHANGE: 19840108 8-K 1 scl-20250129.htm 8-K 8-K 0000094049 false 0000094049 2025-01-29 2025-01-29   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 29, 2025     STEPAN COMPANY (Exact name of Registrant as Specified in Its Charter)     Delaware 1-4462 36-1823834 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           1101 Skokie Boulevard Suite 500   Northbrook , Illinois   60062 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 847 446-7500     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $1 par value   SCL   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2025, Stepan Company (the "Company") announced that David G. Kabbes, Vice President, General Counsel and Secretary, will retire from the Company effective March 14, 2025. Mr. Kabbes will continue in his current day-to-day responsibilities until then, and following his retirement will provide transition support for at least three months following his retirement. The Company has commenced an internal and exte

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